If you compare the increase in value of investment property in Sylvania Waters, 2224 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -16.83%.
Across a shorter period, Sylvania Waters, 2224 has seen a median price increase of -3.58% over the last quarter.
With the median price for a house in Sylvania Waters being $1580250 and the advertised rent reaching $1200 the gross rental yield for property investors calculates out to be 3.95%
Sylvania Waters has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.67% to date .
If we look at median property appreciation over just the last three months, Sylvania Waters has given property investors a paper return of 2.41%. This puts Suburb as 156 on a list of fastest fasting appreciating suburbs in NSW
Property investors should expect to get $495 weekly from the median priced house in this suburb.
Information supplied by:
Average annual growth holds up
Median unit price: $666,250
Three-year growth: 1.6%
Rental yield: 4.1%
A beautiful suburb by the water, located just 21km south of the Sydney CBD, Sylvania Waters boasts stunning views. Its streets are named after rivers in Australia, driving home its affinity with water.
Its unit market is slowing, but remains positive despite the current status of the NSW property scene. The average annual growth is still at a high 7.3%, as prices increased by 2.7% to a median of over $650,000 during the February 2018-2019 period.
While the suburb is mainly residential, owner occupiers still enjoy the benefit of several shopping hubs on Belgrave Esplanade, Sylvania Shopping Village, Sylvania Shopping Centre and Richmond Centre. The state-of-the-art Sylvania Waters Athletics Track was also established here. The suburb also gained some Hollywood recognition when the artificial James Cook Island became the set for a scene in 2006’s Superman Returns.